Description
BSE announces partial redemption of Steel Exchange India Ltd debentures with reduced face value effective July 29, 2025.
Summary
BSE has informed trading members about the partial redemption of debentures issued by Steel Exchange India Ltd (SEIL). The company has reduced the face value of its 18.75% debentures maturing on March 31, 2028, to Rs. 603,215 per debenture following the partial redemption.
Key Points
- Steel Exchange India Ltd has partially redeemed its debentures
- Scrip Code: SEIL-18.75%-31-3-28-PVT (INE503B07036, 960441)
- New reduced face value: Rs. 603,215 per debenture
- Changes effective from July 29, 2025
- Reference: DR-683/2025-2026
Regulatory Changes
No regulatory framework changes. This is a corporate action notification regarding debenture redemption.
Compliance Requirements
- Trading members must note the reduced face value for trading purposes
- Debentures will trade at the new reduced face value from July 29, 2025
- All trading members are required to take note of this change
Important Dates
- July 28, 2025: Notice date
- July 29, 2025: Effective date for trading with reduced face value
Impact Assessment
Limited impact as this affects only Steel Exchange India Ltd’s specific debenture series. Trading members need to update their systems to reflect the new face value for accurate pricing and settlement of these debentures.
Impact Justification
Affects specific debenture trading with reduced face value but limited to single issuer